Gold breaks ascending pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Tuesday afternoon, the price for gold broke the upper trend line of the channel up pattern and reached the September high levels near 1,730.00. The 1,730.00 level acted as resistance and caused a price decline.

An extension of the decline of the price for gold could look for support in the 1,700.00 mark and the 50-hour simple moving average. Further below, note the 1,685.00 and 1,680.00 levels.

On the other hand, a resumption of the commodity price surge is highly likely set to face the 1,730.00 level, before approaching the 1,750.00 level and the late August high at 1,765.10.
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Wed, 05 Oct 2022 10:51:10 GMT

EUR/JPY surge encounters resistance

The surge of the Euro against the Japanese Yen has encountered resistance in a zone just above the 144.00 mark. On Wednesday morning, the resistance was enough to cause a decline. By the middle of the day's trading, the pair appeared to be heading to the 143.00 level. The rate's decline is expected to look for support in the 143.00

Wed, 05 Oct 2022 08:33:43 GMT

USD/JPY almost reaches 143.50

The USD/JPY extended its decline on Tuesday and by midnight to Wednesday the pair almost reached the 143.50 level, before a recovery started. By the middle of Wednesday's trading, the pair had reached the combined resistance of the 144.50 level and the 50 and 100-hour simple moving averages, which appeared to have resumed to have an impact. A move above 144.50

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